We got thousand fug projects from the BSC Chain for launching new token, I know daily we lost thousand dollar for the scammers around the world and I also the victim for few of them. On this case, yesterday the project call "PiggyApp.Finance" scam > 500 BNB hardcap from the Investors. They reached 99% hard-cap and before the time launching, they closed the Telegram group with 4K members, deleted the site and hidden.
One important thing on their marketing, they provided us the PDF file audited by Techrate, it's making more faith for the investors whos are deposit for them.
Surprising, I has experienced on few projects also scam me, all are valid audited by Techrate. I reported to them on the Github of the project, they closed it without any comment. I open new issue with the complain, got new answers from ESalyakhov:
https://github.com/TechRate/Smart-Contract-Audits/issues/10#issuecomment-861002678Hey there dear community members!
We get the request why PiggyFinance project end up scam and how did we miss it.
Please take into consideration that we audit ONLY the contracts provided in the report.
PiggyFinance requested the audit of their SALE contract only.
It's a simple 300 line code saying that if you transfer the funds you will get the tokens. Only this logic is realzied in this contract and it was checked by us. So all who actually sent the funds to this contract received the tokens of this project that they wanted to buy the tokens from.
We don't know any other PiggyFinance contracts and this Sale contract's logic is realized exactly as expected, send funds - get tokens instead.
What were the expectations of the community from this project and how Piggy promised to operate with the funds we absolutely don't know since we are the Auditing firm and check the code of the contract only, not the advisory or investment platform.
So please don't just invest in the project if it says that it's audited. Open the report, check issues in the report, check contract that is audited, check the contract that you're investing in and stay safe.
So wake up, when you guys see somewhere "Audited by Techrate" it's possible 100% fug or scam project. Techrate only sure that you can buy and receive the tokens, but is it a valid token they cannot guarantee.
Mod please keep this post or move somewhere for "failed investors" like me can seen it. Thanks.
